HARD NUMBERS: Inflation keeps cooling, Trans Mountain oil embarks, Ontario’s unclaimed dead pile up, Biden’s polls get worse, Red Lobster gets cooked, Abortion on the ballot in the US

Canadian one dollar coins, also known as loonies, are displayed in Montreal, September 19, 2007.
Canadian one dollar coins, also known as loonies, are displayed in Montreal, September 19, 2007.
REUTERS/Christinne Muschi

2.7: Good news on the inflation front. Canada’s annualized consumer price growth fell by 0.1 points to 2.7% in April, the lowest level in two years. This marks the fourth consecutive month that inflation has been within the Bank of Canada’s target range of 1-3%, bolstering hopes that the regulator will begin rate cuts as early as this summer.

550,000: Call it a crude milestone … The first tanker to take cargo from the expanded Trans Mountain Pipeline is at Vancouver port this week, loading up with 550,000 barrels of Alberta oil destined for China. The pipeline expansion, which nearly triples the pipeline’s capacity to 890,000 barrels per day, finally opened this month after more than a decade of delays.

1,183: The number of unclaimed dead bodies in Ontario reached 1,183 last year, a nearly six-fold increase over the past decade. The coroner’s office says rising funeral costs are the reason for about a quarter of those instances. Over the past 25 years, the average price for a fancy eternal sendoff in Canada has risen almost 50% to $8,800.

36: New poll, same old worries for US President Joe Biden, who had just a 36% approval rating in May, according to a new study by Ipsos/Reuters. That’s down 2 points from April and ties with the lowest mark of his presidency, last reached in the summer of 2022. The top three issues for voters are the economy, the threat of political extremism, and immigration. Donald Trump, meanwhile, scored higher than the incumbent on the first and last of those issues.

20: Red Lobster is cooked. The half-century-old casual seafood dining chain, once one of America’s biggest restaurant businesses, filed for bankruptcy this week. Much of the media feasted on reports that a recent $20 all-you-can-eat shrimp promotion had pushed the famed Lobster into the Red, but experts pointed to destructive business decisions by the company’s succession of recent private equity and corporate owners.

11: As many as 11 US states could ask voters whether to enshrine abortion rights in their constitutions as part of the general election in November. So far, activists have succeeded in getting such measures on the ballot in South Dakota, Colorado, Florida, and Maryland. The measures are pending in Montana, Nevada, Arizona, Missouri, Arkansas, and New York.

More from GZERO Media

U.S. National Security Advisor Jake Sullivan speaks during a press briefing at the White House in Washington, U.S., March 18, 2024.
REUTERS/Kevin Lamarque

Jake Sullivan is holding talks with Chinese Foreign Minister Wang Yi on Tuesday during his first visit to China as US national security adviser.

More than 100 residents from across the Treasure Coast on Sunday, Aug. 18, 2024, take part in a global protest while at the Cashmere Shell Station at Southwest Cashmere Boulevard in Port St. Lucie, over the poll results in the Venezuela’s presidential election.

2: On Monday, Venezuela’s top prosecutor issued a second summons for opposition leader Edmundo Gonzalez to answer charges that his party violated electoral law by posting results from the July 28 election independently of state authorities.

Uncover the future of AI with a family of models built on principles of transparency. IBM Granite models are built on vast amounts of industry and domain-specific data, and are designed to help support enterprise-level innovation and application modernization. Learn more about the benefits of IBM Granite and see how customers can use cost-efficient AI models to help drive business transformations. Get started with IBM

- YouTube

Ian Bremmer's Quick Take: This wave of Israel-Hezbollah attacks is disentangled from Iran, and we saw that the Israelis, of course, were able to assassinate the political leader of Hamas, Haniyeh, who was in Tehran on the occasion of the inauguration of the new Iranian president, deeply embarrassing for the Iranians. It's been a month, and there's been no Iranian retaliation despite the fact that the Supreme leader and others in the Iranian government structure had said that major strikes were coming within hours; that's not the case. Iran is waiting for a window of opportunity to avoid dramatically escalating the feud into a region-wide war, same as Hezbollah.

- YouTube

How would a Harris-Walz administration differ from a Biden-Harris White House? While the Vice President has had an integral role in policy decisions and high-level meetings and led many foreign delegations, there are more differences between the two than you might think, especially when it comes to foreign policy. On Ian Explains, Ian Bremmer breaks down Kamala Harris’ foreign policy experience, how her worldview differs from Biden’s, and what her administration might do differently in addressing some of the world’s most urgent crises.